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June Q&A
Recorded: June 13, 2025 Duration: 1:00:57Space Recording
Short Summary
The latest discussion unveils the innovative 'Vote and Earn' project, a new mechanism allowing users to earn rewards through participation in contests, highlighting trends in user engagement and monetization strategies in the crypto ecosystem.
Full Transcription
Thank you. Thank you. Thank you. Jam Jam Jam, jam. Thank you. Jam, jam. Yeah. Well, I have benevolently granted you all powers today.
I appreciate having a reprieve from my normal powerlessness in this space.
How is your Friday going? normal powerlessness in this space.
How is your Friday going?
Good.
Good.
Thinking about design stuff and some of the recent contests
that we've had,
which have been really fun to watch.
Yeah.
Any favorites?
I was a big fan of the Bad Buns art contest, which went quite well.
The Birth of the Venus Bunny, I think, that won an immediate classic.
Botticelli's Birth of the Venus, of course, is like, you know, the beautiful naked woman of Venus.
But I think vastly improved with the Robo Bunny.
I think much, much better.
And a great title as well,
La Naissance de Rabit Venus,
which is just really, really grabs you, you know?
Wow.
So big, big fan, big fan.
Yeah, I could see why it would be.
I was watching that contest as it unfolded,
and it was incredible.
I couldn't believe the amount of designs
that people submitted.
It's wild.
It's wild, yeah.
And yeah, I mean, the winning one
got 15 voters, too, which is pretty cool. There was a lot of enthusiasm from a lot of different people, which is really nice to see.
Yeah, I love that.
So how do we want to do this?
How do we want to do this?
Oh, yeah.
You and I get to hang out for half an hour before we bring on the guest stars.
Yeah, the guest stars, the real star power.
Well, I would love if you could give a few answers, actually, to some questions that I have.
Cool. And this is being recorded, so we can always share this as well.
Cool.
And this is being recorded, so we can always share this as well.
Yeah.
Yeah.
Can you tell me what is Vote and Earn?
Hmm. What do you think Vote and Earn is, Tavi?
You know, I mean, I'm asking as, I'm not asking as Tavi here. I'm asking the everyman.
I'm asking every man.
Okay.
So I don't need to correct your preconceptions.
Vote and earn is kind of what it sounds like.
It's a way where people can come and they can vote in contests.
And if they vote on the winner or the winners, depending on how the contest is structured, then they can earn.
And so it's really incentive to think about not just what you would like to win, but what
you think the wisdom of the crowd is as well.
And then also I would say to engage in what I'm going to use as a friendly term I'm going
to call persuasion, meaning that you try to persuade other people that you have the winning
option. And a more technical level, the way this works is, right, you buy up as many votes
as you want.
70% goes into a rewards pool that is then claimable by whoever voted on the winner.
This creates this kind of interesting dynamic because, you know, on the one hand, you want
your entry to win in order to be able to earn.
On the other hand, you make money because
other people lose money by voting on other entries, right? And so you have this interesting
kind of, you know, social incentive where on the one hand, you want to be able to create teams that
will get other people to vote on your entry. You want to persuade them why it's worth their time
and, you know, why they potentially earn and why this is a good idea and why it's a good entry.
On the other hand, you also want to try to get as many people participating in the general
contest and even voting for the other entries as possible, because that's how you're actually
going to make money, right?
And so I think like kind of any good board game, it creates this interesting paranoid
social dynamic where you're both trying to collaborate with people, but also, you know,
you should watch your back, I would say.
Absolutely. with people but also you know you should watch your back I would say.
Absolutely. Okay that's great to that's great that's a great little summary of Bowen and I'm wondering can you tell me about the game theory at all because as we know yeah it changes with every contest yeah yeah so this is the v1 and
i should preface by saying this is the v1 um what we're looking at is really cool and i think we'll
have you know potentially more incentives for like really voting with your own conviction um in in the
contest but for the v1 yeah so part of the game theory right is this social question of like you
know are you trying to get other people to vote with you or against you?
And I think that's kind of cool because it also encourages diverse voting.
And it does encourage people to actually think for themselves, right, in terms of, like, what they actually want and what they think other people will want as well.
So that's a piece of the game theory.
Another piece is, like, if, you know, I said that 70% goes into the rewards pool.
if, you know, I said that the 70% goes into the rewards pool is 0% when you're sorry, if 100%
went into the rewards pool, in other words, joke race didn't take any cut. All of your money went
into the rewards pool, it would actually really incentivize whales, right? Because like whale
could just come into any contest, drop a million dollars, right? That thing automatically wins with
their million dollars, they get their full million dollars back, and then they get the earnings from everyone else, right? And that's not a very good
or fun game. It's just very manipulable. And so what's kind of cool, I think also with this tax,
right, is that it means you really have to strategize. You really, really want to be careful
about this because if you're actually going to earn, you can't just drop a million dollars
because you're going to lose $300,000 summarily from doing that, right? And so it really does encourage
this almost like back and forth of players watching, seeing how much is
in the pool, how much they want to get as well. The other kind of interesting thing that happens
in this V1 is that the more entries there are in a contest,
the more risk and reward there is as well.
So for example, in a binary contest where
there's just two entries that you vote on, right, the, you know, the most you could make in that
contest in the V1, and again, prefacing in the V1, right, the most you can make is about 40%,
meaning that if you vote on a winning option, it wins about 51% of the vote, but it captures 70% of the actual rewards, then the math rate is
like 70 over 51. So it's about 40%, 1.4 or 40% return that you get on that, right? On the other
hand, it's like you can get 40%, but you have like a pretty good chance that you're going to vote on
the winner in that one, depending. There is also a way you could lose money where if like eight,
you know, by voting on the winner, where 80% of the votes are on the winner, but they're only getting 70% of the pool, then there's actually a loss, right?
And so you have to balance these things out in thinking about it.
So the binary one is like kind of low risk and kind of low return, I would say, mere 40%, which is nothing in crypto.
But if there's 10 entries, so for example, the contest we have today that we're
going to be looking at, which I think has around 10 entries, right, for best tweet,
oh, then it gets interesting, because like, you could potentially win by one of those entries
getting like, let's say 11%, right, of the vote, but they're getting 70% of the actual total rewards.
And so if that's the case, then like, potentially, you could be getting like a 7x return on that,
right? So something
like the contest that we have today with the tweet contest has a lot greater return than
you get. On the other hand, the chance that you actually pick the winner, now there's
10 options, so it's a lot lower. So that's what I mean, that depending on how many entries
there are, you get this very, very different kind of risk return calculus as well.
return calculus as well.
Quasimatt taking notes here,
figuring out how to scheme to glory.
I don't want to be wrong here,
but I think that from what I remember,
Quasimatt won the Joke Race joke contest.
Yes, yes.
Quasimatt was the winner last week
of the first contest we ran with VoteNern,
which also happened to be the first contest I ever ran, even before JokeRays as a product existed, which was a contest for second best joke.
And Quasimatt, you know, really pulled a stunning kind of victory that I think the crowd, you know, the crowd was not necessarily expecting this.
Quasimatt was nowhere near second
three years ago when this contest first ran.
But time has been
good for Quasimatt.
And really
it was a vindication of
the incredible games that Quasimatt's
been playing in those three years since.
Also changing taste in jokes, I'm sure, has
accounted for it as well.
I'm also just so excited that we have a reigning champion with us today.
Yeah, Quasimate, you're also welcome to come on here and hang in.
And, you know, ask questions and she'll scroll text as well if you like.
Quasimate's probably in the bathroom, probably left this running in the other room.
Which actually brings me to some lore that I have been meaning to tweet out and maybe now
is the perfect time um the lore which is that david phelps here has never won a single joke race
um yeah i think which is which is my favorite bit of just Joke Race history, honestly.
And I really think that we should keep that streak going for as long as we possibly can,
which is why I have urged people to not vote for you in our Tweet of the Week contest.
That feels like that could backfire, though.
You know, like, you tell people what not to do.
I would probably, if I were you, I would think about telling them all to vote for me.
Because I think, you know, then people don't like being told what to do, and they'll probably vote for someone else.
So probably the best strategy is just telling everyone that they really should be voting for me.
I don't know.
This sounds like reverse psychology to me.
No, no, no.
I'm assuming reverse psychology.
I'm assuming that, you know, most people don't like being told what they do.
So I would strongly encourage you to encourage everyone else to vote for me obviously um
oh i think quasimat would like to come on hello
quasimat bane of my joker's existence reason i've never won how are you
hello hello it's so crazy
that you said like oh quasimath's probably in the bathroom because like i literally was but i could
hear it because it's like playing off of my speaker no i'm not you really know what's going on
i'm outside your house right now so i i can see oh okay yeah that makes sense yeah yeah i have this
special like uh you know um find my friend setting where i can like see it down to like architectural
details of what room you're in oh i need I need that upgrade. Yeah, it's really good. Yeah, I could really use that.
Yeah, I want to know what floor of the building, like I want to know people's altitude. Yeah,
you can actually turn it around. It actually goes into the fourth dimension too,
which is pretty fun. People don't realize that that's what liquid glass was really supposed to do yeah you can see into the future so i have um a business development strategy that i think that joke race should
engage yeah yeah let's hear your brilliant idea closing that yeah so like i think you need to
find a really corrupt government and then try to partner with them to have them like elect an official what what um
using joke okay well this sounds easy because finding finding a corrupt government seems a lot
easier than finding a not corrupt government yeah i think it has to be they have to be willing to
just openly be corrupt though right like because a lot of them are larping like they're not right
they're hiding it i see yeah and just let them use joke race
well I thought that was you know this is kind of interesting thing where we launched joke race
vote and earn on the exact same day that Elon started blasting everyone that he had paid for
this presidency and he couldn't believe he wasn't getting what he paid for like literally literally
like bought out the vote right and he's like you wouldn't be president if I hadn't paid for this. Why won't you follow my policies? Which is just like,
I don't know, it's like, you start to wonder if the guy's like an extreme leftist or something.
It's like a political caricature. But I thought that was really fun to watch, because it was like,
oh, actually, you know, I just talked about all these like disincentives we have against Wales
being able to just throw millions of dollars in and win and so actually joke race is less corrupt than the
american government um if you were to ask elon musk um so uh very very proud that you know with
our latest release um we've uh you know we have a a less corrupt plutocracy than ever before
yeah it's kind of crazy that you you were on top of this trend.
Like, right before it got popular, there was Joke Race. Well, you know, you take inspiration
from watching, you know, your heroes like Elon buy out the government, and you think, huh,
how could anyone do that? How could anyone buy out the government?
What has been the most, like, clouded and influential contest that has happened on
joke race thus far i'm not like caught up on the lore uh that's a good question sorry i have an
airplane going on the side um tabby do you have a favorite i i still think actually the one from
years ago where eigenlayer was just like pick what lsts we support was pretty crazy because it was like,
it was before I got there.
It was like totally on the map and they basically let these projects come in.
And what was great about it was like, you know, any really good contest,
like the way I think about it is like joke race is like the stadium.
And then the contest creator is like the soccer league,
but like the actual people competing,
the contestants are like the
soccer teams like they're the ones who actually go and get traction and like people rally around
them and then watch them fight and support in that fight right and what's kind of cool is like
if you're a voter you're actually also kind of a player on the field as well as a spectator because
you're actually like influencing the outcome right um so it's like a more interactive kind of game um where was it going with this uh i don't remember
i would say i would say where the fucking apps was a really standout success out of nowhere
you you literally just spun it up uh from a tweet and i'm pretty sure it made like more than $10,000 and there were like 40,000 votes.
That was a big one.
Yeah, that was a really fun one.
Yeah, and kind of the same principles, the Agonilera one, actually, where it's like you get all these projects to compete that want traction.
They're going to go out and rally their communities to come out and vote.
And then what's nice is like those communities come out and it's like it's a way for them to build community.
But it's also a way to actually like incentivize all people everywhere to kind of learn about these projects and learn what's viable.
And now with VoteNirn, potentially make money off of it too.
So like with VoteNirn, I think it is really kind of a next level where it's like, you know, this is a way to get anyone to engage and have incentive to watch demo days or figure out what app they want or figure out what LSD they want, whatever it is.
The other big one I'd say also is Merkle did this best L2 tournament,
which is funny in retrospect.
But every day they did a bracket tournament on one-on-one of two different L2s.
And then the winner would face off against the winner.
And so they ran this over the course of weeks with like one contest a day.
And it got pretty extreme in the end as people were like really participating.
But again, it was like, it was kind of a good gauge of like community sentiment and also
way for those projects to like really rally and build community as well.
It's interesting that one of you, like David, your answer was very cloud oriented, like
the influence that the Eigenlayer one had over the industry.
And then the other answer was, you know, mentioning the revenue that was brought in by the voting.
So do you see yourself now as like clout maxing or money maxing?
I think they're kind of inextricable, to be honest.
Right, like I think I see one can be the means and one can be the end though, right?
Yeah.
Some people, yeah.
So the way, you know, it's taken me a long time to kind of understand this because like
for kind of years I thought, oh, reputation is like one of the major unlocks of crypto.
And I actually think reputation is a derivative of the activity that people engage in.
So I'll give an example, right?
Like let's say you had a contest every week for like, hey, what's the best new song of the week?
And people were voting on that. For people to participate in that, there needs to be a financial
incentive. Like the financial incentive is the first order kind of, I think, mechanism that
drives engagement in crypto, right? And so like, you need people to actually like have some financial
incentive to show up to this contest and compete.
But like once they've been doing this for months, years, and they're expressing their preferences and they're signaling new artists and they're getting involved in those communities, then you do start to get these interesting like kind of clout and reputation pieces where you could say, oh, this person always votes on the winner.
So I should follow them.
They're a really good tastemaker.
Or you could say, oh, like, you know, these people supported me early on with my new song. And like, you know, when it had very little traction,
these were the first supporters for going out, getting other people listen to it and vote on it.
And so I can reward them like down the line. Right. Or you could just say, actually, I can
meet other people who voted on the same songs I did. And like, it's almost like a dating app,
right? It's like, oh, these are the people who share a lot of my interest and taste,
because like we signaled what we're into. So I do think, yeah, in terms of means and end,
it's like the financial incentives are like the acquisition tool. Like that's what gets people
to show up to things, right? That's what gets them to engage in crypto. The problem is when you only
have financial incentives, then it's usually just speculation. It's like price goes up and then it
starts going down and then everyone dumps it and then it never comes back, Right. And so like the retention mechanism, I think, is the social piece.
Like the retention mechanism is like, oh, there's these second order effects of cloud
and reputation and signaling and meeting other people who share my interests and all of those
pieces, too.
And so like, you know, yeah, for me, it's like reputation is actually a derivative of
a derivative of the financial incentive if that makes sense was that what your answer was closing
the financial incentive, if that makes sense.
Was that what your answer was, Klausimath?
out yeah i just like wanted you to talk about cloud and money so that was perfect i feel like
that's like relatively yeah sorry i'm like really derailing this we can uh talk more explicitly
about jokers if you want um but i feel like that's kind of my like usually the money precedes the
cloud right like if you want cloud you have to have money and then influence people so that you can influence people and then the influence gets you clout so
makes sense it's it's consistent with uh my personal theories of of clout and capital
it's interesting i don't know i wrote this piece a couple years ago where it's like i do think it's
a lot easier to convert social capital into financial capital than it is to convert financial
capital into social capital um like people convert financial capital into social capital it's like they buy a gala ticket no one really likes them but they need them because they
have money so they get to go to these fancy events and you know but like really what they're getting
to do is hang out with people who are cooler than they are and much poorer than they are right like
um whereas yeah the other way it's like oh if you build social capital like you're cool and
interesting like a lot of times there are ways you can monetize off of that.
Right.
And it can get dangerous because I can compromise it.
But like, so it all depends.
I just mean like within crypto itself, I think to get people engaged in activities, like there needs to be a clear financial incentive if they're going to be spending money.
And like the point is, if you're in crypto, like every product out here is like using financial rails.
You're going to spend money.
You should be able to make it.
Right. And that kind of needs to be the you should be able to make it. Right.
And that kind of needs to be the bottom line, I think, for any product.
Yeah, that's real.
I think like what you said about the social capital is kind of like the transference between
financial and social capital is interesting because like to me, it's really hard to buy
social capital for yourself as in relocate social capital to you.
But it's really easy to buy other people's social capital, yourself as in relocate social capital to you but it's really easy to
buy other people's social capital like like basically the entire influencer economy right
um yeah so there's like a way in which you can buy influence but you can't really pay to relocate
it or it's it's not as easy it's also one of those interesting things with like fashion where it's
like you can kind of buy social capital like you know you can pay a lot of money and buy balenciaga
right uh and then you can look kind of cool.
But, like, the people who really look cool, like, are going to thrift shops, right?
It's, like, the real real opportunity is the one who's, like, spending no money and they
just have, like, intrinsic taste and they're creating, or they're creating their own clothes,
right?
And so, yeah, there's always, it does feel like there's, like, a certain level that you
can get to with wealth, but, but like you can't ever exceed it.
Yeah, real.
Tabby, are you still around or do you also go to the bathroom?
No, I'm still around.
We have a request from someone.
Well, because this is a Q&A, we're going to let him on and see if he has a question for you.
Yeah, let's go hello Kurt join this space which I did and also I just want to know um when are you dropping your next pride collection, Matt?
And also, I really love what you were saying about the songs to vote on and stuff and the thrift shopping, David Phelps.
I did not catch all of that.
And I got to brainstorm this out and keep it on the hush.
I'm probably the least educated or clouded out of all
of you but i actually have this invention idea floating in my head that would be like an nft
device but physical and it would be um for stuff like thrifted clothes because i've been obsessed
with trying to figure out the question the answer to the question what makes something vintage vintage
like i'm kind of in that like thrifting game and contest for that we need a we need we need a
contest what what makes vintage vintage yeah that's great um exactly i love turning this into
a quasi mats ama also so so yeah quasi, when are you dropping the next collection? I currently have no plans to drop another Pride collection.
I do have...
I mean, sure.
I have a Quasimat, like, merch collection,
which is being distributed in person to my friends.
It's very limited, very exclusive.
But if there's demand for some sort of uh pride
thing i might be able to come up with something how do i get in how do i get in on this exclusive
collection that you know you only have to have social to get there yeah i think it's just like
you have to be near me when i happen to think about it. That's basically the only criteria. Yeah.
Well, luckily, I'm right outside your door watching you.
So that's perfect.
Yeah.
For real, we should do a SkrullTax Pride merch run at some point.
And yeah, I'm just obsessed about what current items nfts etc now are going to be considered vintage in the future like i would love to document that sort of aging process like a
fine wine or something but uh cooler and more clouded i would love to see a collection of vintage NFTs as a joke race contest, actually.
Quasimatt?
Me too.
I don't know what makes things vintage, and I don't know if I care, actually.
I think I don't care about vintage.
I care about lore.
Wow, that's such a disappointing response
no no wait because you have to have some sort of lore as well i talked to a bunch of hypebeasts
at a vintage thrifting festival last weekend and a lot of them said yeah just age and the quality of
the clothes or whatever but no lore
is a big part of it
you know the aura that
people don't speak of
but they just exude when they're
wearing certain art pieces or whatever
certain
things like
it's a big component that I think is
overlooked as well
one of my friends used to run a vintage store,
and she said the hardest part about running it
was convincing people not to buy stuff
that they look terrible in,
because then all of their friends would ask,
where did you get that?
And they would say the name of the store,
and then no one would ever shop there
because they'd be convinced it was terrible.
So curation, I think, is also a big piece of this as well.
Tabby, we're at 3.30 now,
which I think means we get to welcome on the guest stars as well.
I should probably DM them with the link
in case they forgot this is happening.
But do you have any other quick questions before we do that?
Yeah, anyone who has any quick questions,
feel free to request to speak.
But we are going to have, hopefully,
some of our special guests joining us very soon.
Bunny, Birb, Winnie, and Jay?
I think Jay is on a plane.
So Jay is probably not going to make it.
Hopefully.
Should be able to make it. Okay, I'm dropping going to make it. OK. Hopefully, hopefully. Should be able to make it.
OK, I'm dropping them the link.
Quasimatt, do you want to talk about it?
So we should also direct everyone to the contest that.
Yeah, so the contest, I dropped it in.
I've shared it in the space.
Quasimatt and all of our special guests
have tweets in the Tweet of the Week contest.
You can. Oh, and here some of them are, so I'm going to update the speakers right now.
Thank you so much, Kurt.
So, if you go to jokerace.io, you'll see it says vote and earn as the first contest
on the upper left.
There's 28 minutes left to vote in this contest if you vote on the winner, or I think winners
in this case, right, because there's, yes, 80% goes to first place voters,
20% of the awards pool goes to second place voters.
If you vote on the winners, you can earn.
And so we have some of the contestants here to, I think,
defend their entries in this Tweet of the Week contest.
And I would also encourage everyone, you have 28 minutes
to go get in there and vote on who you think has the best tweet of the week.
Oh, is that what they're here to do?
They're here to defend their tweets.
I'm sorry.
They'll do their shill their projects as well.
Yeah.
Because there has to be an exchange.
I give you, I receive.
Quasimatt, since you're already a star of the show,
do you want to defend your tweet?
Yeah, I mean, I don't really know that I need to defend it necessarily.
I think it's sort of obviously true.
I think you need to defend it.
Okay, okay.
So just to recap what the tweet is actually saying,
basically the point is, okay, like in,
I don't know if I specified New York
or if I said anywhere you needed,
like people think that they need to choose
their neighborhood based on like convenience
and resources and like how it impacts
their like day-to-day life.
But really like where you live
is a significant portion of your personal brand.
And so you need to live somewhere that's conducive to clap-maxing and queening out and more social things. To me, I don't really understand what argument could be made against this. If you
truly face a bunch of resource scarcity and you're in poverty, then yeah, sure, you. You need to like live somewhere where you can like get your material needs met.
But I think a lot of people are LARPing as if that's the case for them when in reality,
they really should just like live somewhere that maximizes their social opportunity.
But OK, I think you need to defend this, though, because like what is the difference between these things?
Like like aren't the neighborhoods that, you know, have personal brand cachet and clout don't those
develop out of the places with parks train accesses uh and proximity to grocery stores
and restaurants and aren't aren't they in a back and forth with each other and once there's clout
then you build more restaurants too like like why is it one or the other quasi matt why yeah well so
in order to answer this i think i need to speak from personal experience. Okay. So like I lived in like a neighborhood where I had a 24 hour grocery store and a 24
hour deli like on each corner of my block. So it was like maximally convenient. My life was very
easy. There was a park across the street. So like in theory, it would have been like the side. Yeah.
So like in theory, it would have been like the most fun.
This was when I was in Bushwick, which I love Bushwick, but it was like very, very convenient.
And then now where I live is actually less convenient.
I'm farther from the grocery store. I'm like farther from the nearest 24 hour deli.
Like things that I actually use and do are actually like slightly less convenient for me.
But the boost to my social life is so much greater because people just come
here and hang out with me and I don't have to go to them. And so like the clout maxing of like my
location actually is much more important. So I'm just taking my experience and universalizing it
and saying that it's true of everyone, which I think is fair. That's fair. That's definitely
fair to do. That makes perfect sense to me. I think it's the commute is maybe the real question
here. Which is like, I have nowhere to go. Next thing is the commute is maybe the real question here uh which is like i have nowhere
to go next thing is a commute for someone like me other people to commute to you rather than you
committing to them is is okay i can see the case i'm not voting for this personally but if anyone
else wants to uh you can go to jokerace.io uh click the vote and earn tweet of the week any any
last case you want to make for this tweet and why uh everyone should support you in in the contest this week um i think i need to acknowledge the one misstep that i did
make although the tweet is full of truth and honesty and is spoken from personal experience
i did confuse cachet with cash um which was pretty devastating so i guess like anyone who's
who's like a grammar spelling maxi might might want to look elsewhere.
So I'll just admit to that as a fault.
I need to get better.
Because you didn't have the excellent aigu on the E.
Is that the issue?
No, there's a T at the end of cachet.
Oh, you're right.
There's a T.
Oh, fuck.
Yeah.
See, others don't know as well.
I'm glad.
Thank you for the solidarity.
Wait, is that true?
There's a T on the end?
Yeah, like I think like social cachet. Yeah. Yeah. I think it has a T. Whoa you for the solidarity. Wait, is that true? There's a T on the end? Yeah, I think it's like social cachet.
Yeah, I think it has a T.
Whoa.
So we're all learning here.
I love language.
Wow. Okay, I'm more likely to vote for this now.
Well, anyone who wants to,
I've dropped the link, the direct link
to vote for Quasimate
in the space.
Quasimate, anything you want to shill while you're here?
To me, just being here is the shill.
I don't need to shill anything in particular.
Beautiful.
I'm shilling myself.
Beautiful.
Okay, I think next up, I'm going straight down the list.
We have Burb.
Chairman Burb Bernanke.
Hello. That'ske. Hello.
That's me.
Hello, hello.
Would you like to say a few words in honor of your tweet?
Yeah.
I think this time every year, all of the Europeans who have way more of a healthy work-life balance,
they all go on vacation until essentially September. And it's impossible to raise from them. way more of a healthy work-life balance.
They all go on vacation until essentially September,
and it's impossible to raise from them.
It's impossible to get in touch with them.
It's impossible to find them because they don't know where they are.
They're drunk by a pool or a lake, not working, and have a ton of unread emails
that you just get there out of office until like October.
Like Americans will be like, I'm actually having heart surgery today. If you need to reach me, here's my cell phone.
Whereas Europeans are like, ah, I didn't feel like working.
You can email me again in September.
Yeah.
I was, I was, I was mostly interested in this idea that you constrained it to summer as
a, well, I think they work sometimes.
Yeah. Okay. summer as a well i think they work sometimes yeah okay i don't really know when um but i feel like if i don't give it a time frame then that's just being a piece of shit uh like it's cute and fun
if you do it for like summer vacation you know very uh throwback to school feeling a little silly
but if you do it all the time then it's just you're not doing anything okay i have an important political question um which is is is 15 plus emails a low number
of emails because i feel like i wake up every morning and i have like at least 25
unread emails not to be controversial but i practice inbox zero
damn in this in this day and age okay i do i do also practice inbox zero but i maybe i'm just
subscribed to too many things i feel like i also have a lot of rules set up for my emails so like if it has
certain keywords or it comes from somewhere like like if it's like a hey we're a restaurant like
it just goes into a separate folder oh smart smart yeah so i just like never see it again unless i
want to go in that folder but it marks them all as red because otherwise i'd have 20 000 emails
no i do i do think the 15 plus as the number here gives you away as actually someone who's unless I want to go in that folder, but it marks them all as red. Cause otherwise I'd have 20,000 emails.
No, I do.
I do think the 15 plus as the number here gives you away as actually someone who's very much not a European VC. I got to say.
No, I think you're right. I think that was like, like Matt, uh,
acknowledged his mistakes.
I think my real mistake here was not putting it at like 150.
We're all, we're all here to improve, you know, uh, it's great.
A classic, classic tweet, regardless.
Tavi, any questions for Burb as we interrogate this tweet?
Oh, I didn't know that I was interrogating.
So I actually curated all of the tweets of the week from my timeline directly
because those are obviously the best tweets.
So if I wasn't part of Joe Grayson and it wouldn't be a conflict of interest, I would be
voting for all of them because these are the best tweets from the entire week. What made you qualify
something as the best? What was your like, oh this one's good and this one's not? If it made me laugh
me laugh or if yeah no yeah as the sole tastemaker here I would just say that it
it was objectively the best I didn't have to decide that I just knew that it was
you're just a tastemaker yeah exactly that makes sense contest versus deciding
subjectively you know what what the best entry is.
But you knew objectively which ones they were.
She knew what the playing field looked like.
She knew what the horses in the race should be.
She just didn't know which one would win.
Yeah, we did think, you know, about like doing contests where anyone could enter and they could put their own tweets in here.
And then Tavi was like, you know what?
No, I actually have better taste than anyone else.
And so I can actually determine which tweets should be in here.
I'll be controversial and admit that I think people need curation to pick from.
Otherwise, the field is too wide.
It's too wide.
Yeah.
This contest doesn't work if you have 100 of you, you know, and they have to interrogate
all of you.
Oh, my God.
Burp, anything you want to show for us?
Not yet, but I do have something coming soon, TM.
So if you're around New York for permissionless,
keep an eye out because I'm Laura Farming again.
What neighborhood?
Is it a neighborhood with like a great grocery store
or a neighborhood like with a lot of social cachet?
Well, I don't think the neighborhood permissionless
is being thrown in qualifies as good for any of those things,
but it does have a bunch of cool buildings. So maybe I'll throw something there. Permissionless is being thrown in qualifies as good for any of those things but it does have a bunch of cool buildings so maybe i'll throw something there uh permissionless is
an industry city oh my god it's an industry fucking city and which is kind of cool i mean
industry city is kind of amazing i went yeah i i went there for like a thrifting event um but my
god that place is far away from anything um i mean it's it's 15 minutes from my house so i'm happy
about it it kind of feels like the suburbs it's like it's like a mall that you could just live in
you know there's like it's more than a mall it's um it's like epcot center it's like there's like
a japanese area it does have japanese world it's a bunch of old warehouses that were shipping
warehouses that they turned into like artisan stores and shopping.
And I get my haircut there.
Damn.
Actually.
So yeah, but they have a whole Japan village,
which has very reasonably priced Wagyu in it.
That's actually my Wagyu spot.
Yeah.
That's it's the Epcot of New York.
All right.
If you want to vote for Burb again, go to joke race.io.
Click the vote nerd contest in the upper left. And you will see her entry.
And reminder, if you vote on the winner, you can earn as well.
So currently, this is a very close race this week.
Because there's zero votes on everyone.
So it's tight, you know.
It's getting very dramatic, I would say.
It wouldn't let me vote.
I mean, everyone who is definitely currently outside of the U.S., because everyone is in Europe right now, definitely should be allowed to vote in this contest.
Voting is open to Europeans.
Understood.
Yeah, it checks your IP address.
If your IP address is in the U.S., yes, lawyers had some stern burns for us.
I will relocate to Europe.
Yeah, well, that's what you said you were doing in your tweet.
So I don't know why there'd be an issue here.
Okay, so far we've had two geographic tweets about what the best place is to live.
There's an argument for New York, certain neighborhoods because of the social cachet.
There was an argument for Europe because you're drunk and never read your email um all right so it's contentious here um winnie i think you're up
next i wish i was drunk in europe right now but i think i i think i got like i showed my life quota
when i lived in europe you've like you you've like drunk as much as an 80-year-old already,
and you're done?
She's actively in liver failure.
I did.
I was stunningly unemployed for two years living in Paris,
and I did exactly what you would do.
And I was thinking about to say,
I had three glasses of wine last night at a dinner,
and I can't believe I used to get up and run every morning
after doing that and smoking loads of cigarettes, and then going for a 10k run now
you're an alcoholic and alcoholics can do anything the problem is that you're no longer
an alcoholic and now it's very tough to do this this is probably true yeah there's an easy
solution here winnie i should just go drink some more wine. Yes, exactly.
100%. I should become a raging alcoholic and problem solved.
Exactly.
Winnie, do you want to read your tweet to us?
What was my tweet?
You have to go to the contest page, jokerace.io,
click the Vote and Earn contest, scroll down, you'll see it.
I've also been sharing the links,
the direct links to the tweets at the top of the space, so you should be able to find it.
So I was looking for a new concealer.
Do you want me to read it to you?
I have no votes. Fuck off.
Well, to be sure no one has any votes, so, you know, it's a tight race.
First words between me and my BS this morning weren't, Good morning, babe. So, you know, it's a tight race. Yeah.
First words between me and my BS this morning weren't, good morning, babe.
How did you sleep?
It was, oh, my God, Privy got acquired by Stripe.
I'm not sure if that's a sign you're no longer an alcoholic or you're an extreme alcoholic.
Can you?
It's not alcoholism if it's in Europe.
That's true.
That's true. That's true.
Alcoholism doesn't exist in Europe. The same way having a skinny cigarette in Europe is fine.
The same way that every degenerate habit in Europe is not.
It's just part of the lifestyle.
This is correct.
Especially if you're in, like, a blue zone.
Like, you ask them what the secret is.
It's no men, a lot of wine, a lot of cigarettes, and a lot of olive oil.
It's science.
I'm trying to think what the equivalent is in America.
I feel like it's probably like committing vehicular manslaughter or something.
And it's like, that's fine.
Like that's a normal part of America.
I mean, yeah.
Are you even an American if you don't have four DUIs?
Yeah, exactly.
Yeah, that's the difference.
In Europe, it's not drinking.
And in America, it's not drinking and driving.
That's the change.
Oh, my God.
I'm so scared of people driving over here, especially in LA.
It's my biggest fear in the entire world.
Terrifying.
Terrifying place.
Do you normally say good morning to your bf yeah every morning
good morning how did you sleep it's very cute wow it's so thoughtful it is um winnie is there
anything you'd like to show with us as well um i'm not really working on anything right now you
know nothing really going on yeah you're not you're not like an entrepreneur
or anything no no nothing nothing big coming soon what's coming soon tell us um
got a big collab that i'm really excited for that we've been working with like six friggin months
but um is it a certain show that i think it might be it is oh are you allowed to say
yeah no i don't know come on this is the joke race core community i definitely said it
on spaces before or like well then what's wrong with our space what are you trying to imply
david you don't want me to answer that question.
Touché, as they say with a T at the end of the word.
Yeah.
Yeah, just like
a TV show that I really like
that we've been compared to
in articles before.
I wrote a paper on it
a few years ago, actually.
I'm really excited. You can probably guess.
Some activations coming up.
Yeah, we've got a big one in Cannes, which I'm super excited for, with Matcha.
Their team have been so amazing and supportive and just kind of bringing this vision to life.
So come find us in Cannes.
Is it Cannes or is it Cannes?
Cannes.
You sure?
I think it's? Can. You sure?
I think it's your accent.
Probably.
Is that the cans?
I thought it was con.
Con.
Can.
Can?
Like a can of beans?
Can of worms?
All right.
Thank you, Winnie.
If you enjoyed Winnie's tweet,
I highly encourage you to go vote for it it the race has gotten just as tight as ever with
zero votes on everyone
easy chance
easy chance to vote in a winner here
which is probably just to vote
at all
okay and finally
I think is this our last guest of the
show I think we have Bunny
Bunny you still here I am here And finally, I think, is this our last guest of the show? I think we have Bunny.
Bunny, are you still here?
I am here.
I was just drinking coffee.
Oh, as one does at 4 p.m. in New York.
Bunny, your tweet is, who is building talent for Bushwick e-girls?
Yeah, no, I think it's a very important question you know as a as a palantir and as an e-girl appreciator i'm very much concerned with the future of
uh of e-girls and what software we need to continuously empower them oh i i thought it was
tracking surveillance i i was imagining you're imagining like a tracking system so that you
could just like have full surveillance over all the bushwood e-girls and know where they are at all moments
yeah so so so it's kind of like a split use case right like there's people that were like
oh my god i need uh pantheer for e-girls to hire me there's other people that were like oh i need
to as you said like track my e-girls and make sure that they're fine with Palantir-level software.
Some others were like, oh, maybe we need to
deport the e-girls, right? Like, maybe we
need to, like, cleanse
Bushwick of e-girls. And, you know,
there's many... It's a very
complex tweet.
I think, right? That's where Palantir
partners are. Yeah, yeah, yeah. We need ice for e-girls.
Exactly. We need partners with them.
Right, right.
Yeah.
And some artists are like, oh, maybe we need to continuously empower the E-girl, Caval, to be able to work better.
Because, you know, Palantir also works with very boring tradtech companies to do like accounting type stuff so it's like okay like there's there's a whole platter
of how these of options for someone to be able to look at that tweet and be like okay yeah i can
i can stand for this i i support this i think that's really beautiful because the tweet is not
just a work of art but it's also a canvas like it really was brought to life when people
interpreted it wow isn't isn't palantir okay wait wait aren't bushwick e-girls just on their computer
yeah they are pretty much on their computer but you know like there's a there's a being
an e-girl in bush weeks on the spectrum right like there's a bushwicky girl that doesn't has
never touched a computer in their life uh other than just for tech talk on instagram and then there's a the bush wiki girl that is a dj
uh at an agor rave and that's they do all computers right for to them like everything is computer
that makes sense i was thinking that palantir is probably building the Palantir for Bushwick eG girls, actually.
Yeah, you know, like, I think that there's a... Palantir is for everyone. I think it would be a good spinoff.
Yeah. Exactly. Palantir is for the people.
Palantir is for the people, right.
They care about the community.
Yeah, they're big in...
Yeah, they want to make sure everyone is safe by knowing where
they are at all
times and deporting them
if they're in the wrong place or in the right one.
So it's important
to try.
It's very important. The CTO
just joined the military today.
It finally got announced and I think that it's
very important because we need
the people at the front lines to keep on
defending our egos.
We can't let
America
to be jeopardized. Yeah, exactly. keep on defending our egos you know like that we can't let uh america yeah we gotta remember what
we jeopardize and right yeah yeah no exactly we have to we have to know what we're fighting for
and we're fighting for bushwick egos to stay there and just be be happy i appreciate this tweet
because you know there's so much contention between the right wing and left wing and i i feel like
you know you really just brought them together in a way where i think now they can really appreciate each other um you know i don't see i don't see race i don't see i don't see
political parties i don't see income i don't see political parties i only see which week you
girl and numbers you sound a bit blind appreciate you know that's okay you know there's yeah yeah
i only see bush wiki girl and bushwick that might be an optical issue but you know
That might be an optical issue, but you know.
I'm very fine with living in harmony that way.
Bunny, do you have anything you want to shill to us today?
I'll shill once some things come to life soon.
And then I'll be shilling nonstop.
But in the meantime, if you have tokens, go to app.gauntlet.xyz. They're still there for you. That's all I'll be shilling non-stop. But in the meantime, if you have tokens, go to app.gauntlet.xyz.
There's yield there for you.
That's all I'll say.
App.gauntlet, repeat that.
Just go on the Gauntlet website.
I think you'll find good yield there.
And maybe one day we'll be able to give you
even more yield on top of that.
In like a few more weeks.
What is Dora doing with Gauntlet?
We'll tell you in a few weeks but maybe gauntlet but gauntlet points will be a thing everyone here has like huge
announcements and none of you are allowed to share it like what's the point what's the point
of having an announcement if you can't share it the announcement is that i think we we now that
everyone just wants apps we all want the announcement to be live with the app.
No, you know what?
I'm thinking I should be voting for Quasimac
because Quasimac is the one person who came here
and didn't even have an announcement to announce.
Like, literally had nothing.
Nothing to show.
And like, you know what?
That's noble.
Noble in this environment.
Berb, Wendy's money,
all of you have something you're going to announce in two weeks
that you can't share here
even with each other?
Mine's not done.
So it would be a little premature.
Have that stopped anyone
from raising Series Bs in this space?
Well, I'm going to start
with the seed round.
So here's my announcement of an announcement
that I will be raising okay
nice and that's all you get okay all right you'll be getting seeded as they say i'll take it i will
be taking your seed is what i'm saying oh we got the brother we have some votes that came in there
are now 31 votes okay burb burb is in the lead with 21 votes uh and winning number two with 10 votes
um so think through the opportunities here for who you vote for um interesting how the
votes came in when burb said that she'll be taking seats yeah yeah interesting yeah interesting that
the voter those votes came from interesting the voter is a certain birb.eth. Curious.
Yeah. Which, well, I told you I was moving to Europe.
I didn't know. I didn't know. Yeah. You could, you could, you could travel to Europe that fast.
That's, that's so impressive. You would not believe how fast I can move.
Wow. I am a bird. Wow. That's really incredible that you managed to go from America to Europe
in about three and a half minutes. Yeah. I lost all this weight for a reason.
Yeah.
Get there faster.
Winnie a number two with 10 votes from a
certain burb.eth as
well. Let's go.
Okay.
So it's not contagious. What this
means is you only need to place 12
votes on Winnie and you will
drive her into first place where you can potentially earn the rewards pool.
I'm a girl's girl, but it's okay if Burb wins.
I'm okay with that.
Only Burb.
Are you okay with that?
Yes, I am.
I've actually hired an Etsy witch to, like, prey on her upwards-ness.
God knows I need it right now.
Well, wow, Burb is really winning in lots of ways right now uh with the number one also with burb is bottoming is really what's
voting voting on the first and second place uh both of which earn rewards um so we got four
minutes to vote and earn if you want to you want to participate there's now some very real money, I would say, in this rewards pool.
A grand total of .00287 ETH. So, you know, that could be yours. And it'll actually go up more as you vote. So .00287. We have three minutes. Tabby, I feel like I got distracted and started interrogating everyone. Do you want to jump in?
No, I mean, this is a Q&A.
We have asked some great questions.
We've answered some great questions.
As far as I'm concerned, that is what we came here to do.
I would love if any of our guests had questions for David Phelps.
I did say that he would be answering all questions about
vote and earn, about joke race,
and about the nature of the universe.
So I'd really love if some people
would grill him.
David, why do you think we're here?
You particularly?
No, just like us
as humans in the world.
Oh, to help reset the planet you know it's like
there's been five mass extinctions and i think it's important for there to be a sixth um because
that you know it provides a nice yeah yeah for the world well i was hoping that would be a more
difficult question for you to answer wait why do you think we're here i think we're here to figure
out why we want to be here and we have to figure out our own meaning i think we're here? I think we're here to figure out why we want to be here,
and we have to figure out our own meaning.
I don't think we actually have a reason to be here.
Wait, so if we do figure it out, then we no longer have a reason to be here?
Well, if we do figure it out, then we just ascend to whatever the next level is.
Would you say a valid reason is to queen out?
Yeah.
That's as good a reason as any.
Exactly.
If you find meaning in it, then that, I think, is the struggle.
And, yeah.
Palantir for Queen Out.
No, literally, we need Palantir for Queen Out.
I think we need a map that shows you where you are most likely to Queen Out the hardest.
We have enough espionage in the U in the us to tell someone where their most optimal
queen out spot will be have you guys heard of partiful we already have palantir for queening
out oh yeah no that's so true that's like very early we have palantir for queening out it
oh that was an incredible joke
uh too good why we need to get on that similarly we have luna luma which is for men trying to clean
out particle is kind of like palantir like it literally knows where i go and what my habits
are and who i hang out with it really is wow doing a better job of surveying my entire life
than palantir well done particle well the particle founders are ex-palantir. Well done, Partiful. Well, the Partiful founders are ex-Palantir too. That's like the name.
I know, but they're also all ex-Palantir.
Yeah.
You know what? I love the queen.
They get fun.
They justified it.
Don't throw bomb and throw parties.
Exactly.
Wow.
I support
Wolvenism.
We're down to one minute. One minute left to vote on the winner and earn.
So this is your big chance.
If you want to get in, this is it.
31 votes.
Burb looks like ready to take it,
unless someone wants to throw.
Even a mere 12 votes on winning, I'm just saying.
I really enjoy that Burb is going to win
both the first and second prize rewards right now.
That's how you should play this game.
If someone puts all votes on Winnie, they would literally make money though, right?
I think so.
Yeah, that sounds...
Oh my god.
This market is so irrational.
Wow.
Is it irrational?
I mean, like, there's just money right there and none of us are taking it
it's like a dollar at least right that sounds like a dollar yeah that seems like a good dollar
yeah wow arbitrage opportunity is dead in this market the friction is so high oh no oh we got
42 votes now uh i heard not scheming we We got 32 votes on Burb.
So someone else joined in the first place.
Two seconds left.
And we're done.
Grand total of 42 votes.
Burb wins it with, wow, guess who voted all 32 votes?
Burb.eth.
Really, really cleaning out in Europe right now.
Well done.
Listen, all I'm saying is that I front ran Matt
doing that.
Smart.
Smart.
All right.
Does that conclude another AMA?
This was wonderful.
Thank you, David.
This was gorgeous.
Thank you, David.
We did it.
We cleaned out. We did it right there.
